Yellen: Full employment may return next year | Study: Employers expect conflict about return to office | Return of TV sports benefits people's mental health
Treasury Secretary Janet Yellen told the House Committee on Financial Services on Tuesday that 10 million people are still out of work, but full employment may return next year. Federal Reserve Chairman Jerome Powell, who also spoke to the committee, cited improvements in the housing market, business investments and manufacturing.
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Most employers intend to bring workers back to offices by this autumn, with a "phased" return planned by 70% of respondents and 77% intending to provide hybrid work, according to the Office Re-Entry Index from LaSalle Network. In addition, 66% have not yet communicated vaccination policies to employees and 34% are anticipating "conflicts to arise" between executives and workers about "return-to-work policies."
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The coronavirus pandemic has had an effect on people's retirement prospects, according to a MetLife study, with 1 in 5 saying it has delayed their retirement and 1 in 10 saying it caused them to retire earlier. Those delaying retirement cited the need to keep earning money and the pandemic reducing their ability to save as the top reasons, while those retiring early cited an increased awareness of mortality and wanting to spend more time with family.
Florida Gov. Ron DeSantis is proposing to use federal coronavirus relief funds for a $75 million initiative to support career and technical education. The proposed "Get There Faster" initiative would help high-school students and adults secure jobs in skilled fields, such as technology and manufacturing.
The pandemic has taught Unilever's chief HR officer, Leena Nair, four key lessons, including the importance of resilience, mental health, reinvention and taking care of employees. "When you care for your people -- put their health, safety, and well-being at the center of everything you do -- you will watch them make the business a far better business," Nair says.
I attended a basketball game last night at a local high school. It was wonderful -- the smell of the gym, the squeak of players’ shoes on the floor, the shouts and whistles from the refs, the intensity of the coaches and the rush of adrenaline as the score bounced back and forth.
I loved it.
Live sports have a positive impact on our mental health, according to a Seton Hall poll cited in today’s Leadership & Development story. Sports give us a sense of hope and purpose and something to look forward to, says Juan Rios, director of Seton Hall's master of social work program.
Are you enjoying the return of March Madness and other live sports on TV? Let me know. Know someone who needs to receive this newsletter? Send them this link to subscribe.
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